Bechtel to Relocate Frederick Operations to Fairfax County
- Mar 12, 2015
Bechtel Corp. is expanding its presence in Fairfax County. The company plans to invest $10 million and relocate its Frederick, Md., operation to Northern Virginia. Gov. Terry McAuliffe made the announcement last week, also saying that the construction giant is bringing 700 jobs with it.
Bechtel moved its global operational headquarters to Reston in 2011. And according to CEO Bill Dudley, the company has “enjoyed immense support from the business community of Fairfax County and the Commonwealth” since then. For the expansion, Bechtel will lease as much as 175,000 square feet of space, nearly doubling its presence in the Reston area.
The Virginia Economic Development Partnership and the Fairfax County Economic Development Authority worked together to secure the project for Virginia. Gov. McAuliffe also helped Fairfax County by approving a $500,000 grant from the Governor’s Opportunity Fund, as well as $4 million in funds from the Virginia Economic Development Incentive Grant.
Bechtel is one of the largest engineering, project management and construction companies in the world. It was founded in 1898 and over time has worked on more than 25,000 projects in 160 countries, on all seven continents. The company has 58,000 employees.